149k views
4 votes
What annual rate of interest is required to double an investment in 9 years

1 Answer

5 votes

Answer:

8%

Explanation:

If an investment scheme promises an 8% annual compounded rate of return, it will take approximately (72 / 8) = 9 years to double the invested money

User Oc
by
7.4k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories